Multiple Time Frames and Emini Trading

Tuesday 7 August 2007

Multiple Time Frames and Emini Trading

I use Multiple Time Frames in my Emini trading. My primary time frame for intermediate term moves in the 135 minute chart (exactly 3 equal length bars per trading day). However, I am always looking at the lower and higher time frames. The next time frame down is the 81 minute chart (exactly 5 equal length bars per trading day) and the next time frame up is the daily chart.

Multiple Time Frames – 81 minute chart

The 81 minute Emini chart above shows that we have completed the down trend move that started on 20 July 2007. The move starts with a break into trend and finishes with a final pull back and exhaustion move on 6 August 2007. All these turning points are identified with John Ehlers Hilbert Sine Wave and the “End” label is plotted automatically. The recent low around 1,440 was pin pointed quite nicely.

Checking the higher time frame …

Multiple Time Frames – 135 minute chart

However, on the next time frame up (135 minutes) we are yet to see this same exhaustion move. The break down was also identified on 20 July 2007 in this time frame – a case where two signals coincided in multiple time frames. On the chart above the Hilbert Sine Wave is yet to cross and signal the final exhaustion move down. This afternoon’s high volume and long-legged doji candlestick pattern may signal this turning point is close.

My apologies for the recent email and RSS distribution glitches. The site is being re-skinned and it takes a while to discover all the bugs in the new theme. Good luck with your Emini trading and using Multiple Time Frames.

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